HSBC Bank Malta p.l.c. reported audited group and bank earnings results for the full year ended December 31, 2017. For the year, on group basis, net interest income was €120,660,000 compared to €126,427,000 a year ago. Net fee income was €22,735,000 compared to €23,752,000 a year ago. Total operating income was €235,252,000 compared to €244,879,000 a year ago. Net operating income was €163,857,000 compared to €164,512,000 a year ago. Profit before tax was €49,823,000 compared to €62,221,000 a year ago. Profit for the year was €30,855,000 or 8.6 cents per share compared to €40,213,000 or 11.2 cents per share a year ago. Net cash used in operating activities was €156,694,000 compared to net cash from operating activities of €16,105,000 a year ago. Purchase of property, plant and equipment, investment property and intangible assets was €2,999,000 compared to €990,000 a year ago. Adjusted return on equity for the year ended 31 December 2017 was 7.2% compared with 8.4% in 2016. Adjusted profit before tax, which excludes the effect of notable items, was €55.6 million, 9.5% down on 2016. For the year, on bank basis, net interest income was €120,498,000 compared to €126,308,000 a year ago. Net fee income was €18,678,000 compared to €19,654,000 a year ago. Total operating income was €143,768,000 compared to €175,928,000 a year ago. Net operating income was €146,736,000 compared to €158,898,000 a year ago. Profit before tax was €40,879,000 compared to €63,834,000 a year ago. Profit for the year was €24,985,000 compared to €42,693,000 a year ago. Net cash used in operating activities was €75,290,000 compared to net cash from operating activities of €44,021,000 a year ago. Purchase of property, plant and equipment, investment property and intangible assets was €2,219,000 compared to €969,000 a year ago.